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$2,100,000
Est. payment /mo
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250021271
Property Description
The Palms on Fern Ave – a charming, well-maintained 5-unit property in the high-demand coastal rental market of Imperial Beach, CA. Built in 1986, the property consists of four (4) 2-bedroom/1.5-bath units and one (1) large 2-bedroom/1-bath unit on a 5,732 SF lot. All units have been renovated within the last five years, offering modern, comfortable living spaces. Residents enjoy on-site laundry, six surface parking spaces, and three single-car garages, which present ADU potential for additional rental income. Ideally situated just one mile from the beach, the property provides easy access to Imperial Beach's shopping, dining, and entertainment. Located in a predominantly single-family neighborhood, it offers a quiet, family-friendly environment with ample street parking. Additionally, its proximity to Oneonta Elementary School enhances its appeal for families. This investment presents stable returns in a gentrifying submarket with strong capital preservation due to its prime coastal location. A savvy investor can also capitalize on Imperial Beach's ADU regulations to create additional rental income.
Location
State CA
County San Diego
Area Imperial Beach (91932)
Exterior
Total Parking Spaces 6
Building
Story 2
Others
Space Rent $146,760
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Listed by Dylan E Wright • MD Real Estate, Inc